31- 11 43rd Street - Apartments FOR SALE


Astoria, NY 11103- Downtown Astoria
$1,650,000 USD
212-380-8184
31- 11 43rd Street, Astoria, NY for Sale
$1,650,000 USD
Apartments - FOR SALE
1/13
null | Request Cap Rate

31- 11 43rd Street
Astoria, NY 11103
Downtown Astoria


OVERVIEW

The property at 31-11 43rd Street (or 43-02 Newtown Road) in Central Astoria is an extremely rare opportunity to own a corner brick building consisting of 3 floors, 2 residential units, 1 commercial unit and a 4-car garage. The existing office could be used for residential based on the zoning subject to the buyer filing a job application to convert the office to residential. The second and third floor residential units have high ceilings, triple exposure, 10 windows, two bedrooms, an eat-in-kitchen, and a windowed bath. The ground floor commercial space has 11-foot ceiling heights with frontage on Newtown Road and 43rd Street. The full basement provides additional space for potential expansion. The property boasts a coveted 4-car garage. Location, location, location. The property is situated 3 blocks from Steinway Street, 1 block from 30th Avenue and 1 block from Broadway. The existing office could be used for residential based on the zoning subject to the buyer filing a job application to convert the office to residential. Other Information: 43-02 Newtown Road/31-11 43rd Street Astoria, NY 11103 Block 693 Lot 36 Lot Size: 22.67 x 97 Building Class S2 Tax Class 1 - Small Home, Less Than 4 Families R5 Zoning FAR 1.25 According to public records, the building has an existing gross floor area of 1,998 square feet with an unbuilt floor area of 312 square feet. The property is adjacent to a block that was recently upzoned. The building will be delivered vacant. Annual Property Tax: $8,260.16 Prospective buyers are advised to independently verify all information with the buyer's real estate attorney and architect.

FOR SALE DETAILS

PRICE

$1,650,000 USD

PRICE/SF

$717 USD /SF

# OF UNITS

3

PRICE/UNIT

$550,000

CAP RATE

Request Cap Rate

% LEASED

-

SALE TYPE

Investment

BUILDING DETAILS

PROPERTY TYPE

Multi-Family

PROPERTY SUBTYPE

Apartments

ADD'L SUBTYPES

Office/Residential

TOTAL BUILDING SIZE

-

STORIES

3

YEAR BUILT

1930

PARKING SPACES

4

LAND DETAILS

LAND ACRES

0.04 AC

LAND SF

1,742 SF

ZONING

R5

APN/PARCEL ID

00693-0036

ASK ABOUT THIS PROPERTY

Patrick SmithCorcoran GroupMore Info
212-380-8184

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Patrick SmithCorcoran GroupMore Info
212-380-8184

By clicking the button, you agree to Showcase's Terms of Use and Privacy Policy.